Partnership Law Quiz

In a contract of sale, which party bears the risk of loss if the goods are destroyed without fault before the transfer of property?

• Seller

• Buyer

• Both

• None

The document transferring property from the seller to the buyer is called:

• Bill of lading

• Delivery note

• Invoice

• Deed of sale

The unpaid seller can resell the goods if:

• The buyer rejects the goods

• The buyer breaches the contract

• The goods are perishable

• Both b and c

If goods perish after the contract but before delivery, the contract is:

• Valid

• Void

• Voidable

• Enforceable

An agreement to sell becomes a sale when:

• The goods are delivered

• Ownership is transferred

• Payment is made

• All conditions are fulfilled

Who is responsible for the delivery of goods in a contract of sale?

• Buyer

• Seller

• Auctioneer

• Carrier

The right of stoppage in transit is available only to:

• A paid seller

• An unpaid seller

• A consignee

• The carrier

The buyer's right to examine the goods before acceptance is under:

• Section 35

• Section 34

• Section 33

• Section 32

In the event of a breach of contract, the buyer can claim:

• Specific performance

• Damages

• Both

• None

Where delivery is to be made by the seller in installments, the buyer can:

• Refuse all deliveries if one installment is defective

• Accept defective goods

• Reject all future installments

• Sue for breach of contract